Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Michael W. Altschaefl acquired 30,000 shares of Orion Energy Systems stock in a transaction dated Monday, June 11th. The shares were bought at an average price of $0.90 per share, with a total value of $27,000.00. Following the transaction, the chief executive officer now directly owns 556,076 shares in the company, valued at approximately $500,468.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:OESX traded up $0.11 during trading on Thursday, hitting $1.04. 206,627 shares of the company were exchanged, compared to its average volume of 75,672. The company has a market capitalization of $25.74 million, a PE ratio of -2.74 and a beta of 1.06. The company has a current ratio of 1.78, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. Orion Energy Systems, Inc. has a 12-month low of $0.70 and a 12-month high of $1.40.
Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Monday, June 4th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $15.06 million during the quarter, compared to the consensus estimate of $16.08 million. Orion Energy Systems had a negative net margin of 21.77% and a negative return on equity of 39.98%. equities research analysts predict that Orion Energy Systems, Inc. will post -0.2 EPS for the current fiscal year.
An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC increased its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955,667 shares of the electronics maker’s stock after acquiring an additional 112,967 shares during the quarter. Renaissance Technologies LLC owned approximately 3.30% of Orion Energy Systems worth $841,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.
About Orion Energy Systems
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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